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Condensed Consolidated Balance Sheets (Unaudited) - GAS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 1,662 $ 1,798
Receivables —    
Customer accounts 2,006 1,806
Unbilled revenues 638 711
Other accounts and notes 509 523
Accumulated provision for uncollectible accounts (89) (78)
Natural gas for sale 121 362
Prepaid expenses 739 330
Assets from risk management activities, net of collateral 405 151
Natural gas cost under recovery 306 266
Other regulatory assets 576 653
Other current assets 201 231
Total current assets 9,297 8,965
Property, Plant, and Equipment:    
In service 116,259 115,592
Less: Accumulated depreciation 34,645 34,079
Plant in service, net of depreciation 81,614 81,513
Construction work in progress 9,337 8,771
Total property, plant, and equipment 91,790 91,108
Other Property and Investments:    
Goodwill 5,280 5,280
Equity investments in unconsolidated subsidiaries 1,293 1,282
Other intangible assets, net of amortization 435 445
Miscellaneous property and investments 633 653
Total other property and investments 10,044 10,202
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 1,693 1,701
Prepaid pension costs 1,772 1,657
Other regulatory assets, deferred 5,372 5,577
Other deferred charges and assets 1,898 1,776
Total deferred charges and other assets 17,508 17,259
Total Assets 128,639 127,534
Current Liabilities:    
Securities due within one year 1,193 2,157
Notes payable 2,330 1,440
Accounts payable —    
Customer deposits 454 479
Accrued interest 404 533
Accrued compensation 574 1,070
Other regulatory liabilities 711 563
Other current liabilities 1,105 872
Total current liabilities 10,434 10,921
Long-term Debt 50,633 50,120
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 9,506 8,862
Deferred credits related to income taxes 5,365 5,401
Employee benefit obligations 1,526 1,550
Operating lease obligations, deferred 1,521 1,503
Other cost of removal obligations 2,030 2,103
Other deferred credits and liabilities 966 816
Total deferred credits and other liabilities 34,652 33,926
Total Liabilities 95,719 94,967
Common Stockholder's Equity (See accompanying statements) 32,629 32,276
Total Liabilities and Stockholders' Equity 128,639 127,534
SOUTHERN Co GAS    
Current Assets:    
Cash and cash equivalents 31 45
Receivables —    
Customer accounts 603 462
Unbilled revenues 245 278
Other accounts and notes 52 49
Accumulated provision for uncollectible accounts (51) (39)
Natural gas for sale 121 362
Prepaid expenses 88 114
Assets from risk management activities, net of collateral 53 33
Natural gas cost under recovery 306 266
Other regulatory assets 104 136
Other current assets 47 49
Total current assets 1,599 1,755
Property, Plant, and Equipment:    
In service 19,035 18,880
Less: Accumulated depreciation 5,159 5,067
Plant in service, net of depreciation 13,876 13,813
Construction work in progress 768 684
Total property, plant, and equipment 14,644 14,497
Other Property and Investments:    
Goodwill 5,015 5,015
Equity investments in unconsolidated subsidiaries 1,178 1,173
Other intangible assets, net of amortization 34 37
Miscellaneous property and investments 19 19
Total other property and investments 6,246 6,244
Deferred Charges and Other Assets:    
Operating lease right-of-use assets, net of amortization 67 70
Prepaid pension costs 183 175
Other regulatory assets, deferred 508 689
Other deferred charges and assets 130 130
Total deferred charges and other assets 888 1,064
Total Assets 23,377 23,560
Current Liabilities:    
Securities due within one year 46 47
Notes payable 532 1,209
Accounts payable —    
Affiliated 40 58
Other 349 361
Customer deposits 72 95
Accrued taxes 191 124
Accrued interest 68 59
Accrued compensation 66 110
Temporary LIFO liquidation 209 0
Other regulatory liabilities 72 8
Other current liabilities 140 155
Total current liabilities 1,785 2,226
Long-term Debt 6,814 6,855
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 1,568 1,555
Deferred credits related to income taxes 808 816
Employee benefit obligations 168 176
Operating lease obligations, deferred 58 59
Other cost of removal obligations 1,692 1,683
Accrued environmental remediation 189 197
Other deferred credits and liabilities 120 77
Total deferred credits and other liabilities 4,603 4,563
Total Liabilities 13,202 13,644
Common Stockholder's Equity (See accompanying statements) 10,175 9,916
Total Liabilities and Stockholders' Equity $ 23,377 $ 23,560